As it was informed by "Market Leader (US)"
Provided by the Department of Options, Masterforex-V Academy
Yesterday GBPUSD rebounded from the option barrier 1.5911 and passed 200 pts. The level of volatility was fairly high even though the news blocks were less relevant than a day before.
The UK’s employment reports failed to increase the volatility. Almost all the indexes matched or came out close to the expected values. The eurozone’s industrial production declined in volume. However markets showed no reaction because most investors were focused on the EU debt crisis. During yesterday’s meeting of the Euro Group the participants signed an agreement on creating a new European stabilization fund, which will replace the existing one in June 2013. They also agreed on extending the loan terms and lowering the interest rates for Greece.